Bylaws - Tempur-Pedic Inc.
AMENDED AND RESTATED BYLAWS
OF
TEMPUR-PEDIC, INC.
SECTION 1
Meetings of Shareholders
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1.1 Except as the Board of Directors may otherwise designate, the
annual meeting of the shareholders shall be held at a time and date to be set by
the Board of Directors.
1.2 The annual meeting of the shareholders shall be held at a place
designated by the Board of Directors or, if the Board of Directors does not
designate a place, then at a place designated by the Secretary or, if the
Secretary does not designate a place, at the Corporation's principal office.
1.3 Special meetings of the shareholders shall be held at a place
designated by the Board of Directors if the special meeting is called by the
Board of Directors. If the special meeting is not called by the Board of
Directors, the meeting shall be held at the Corporation's principal business
office.
SECTION 2
Board of Directors
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2.1 The exact number of directors may be fixed, increased or decreased
from time to time by a resolution adopted by the vote of the shareholders who
(i) are present in person or by proxy at a meeting held to elect directors and
(ii) have a majority of the voting power of the shares represented at such
meeting and entitled to vote in the election.
2.2 Meetings of the Board of Directors may be called by the President
or by any director.
2.3 Unless waived as permitted by the Kentucky Business Corporation
Act, notice of the time and place of each meeting of the directors shall be
either (a) telephoned or personally delivered to each director at least
forty-eight hours before the time of the meeting, or (b) mailed to each director
at his last known address at least ninety-six hours before the time of the
meeting.
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SECTION 3
Officers
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3.1 The Corporation shall have a President, a Secretary, a Chief
Financial Officer, and may have one or more Vice Presidents, all of whom shall
be appointed by the Board of Directors. The Corporation may also have such
assistant officers as the Board of Directors may deem necessary, all of whom
shall be appointed by the Board of Directors or appointed by an officer or
officers authorized by it.
3.2 The President shall have:
(a) General charge and authority over the business of the
corporation, subject to the direction of the Board of
Directors;
(b) Authority to preside at all meetings of the shareholders and
of the Board of Directors;
(c) Authority acting alone, except as otherwise directed by the
Board of Directors, to sign and deliver any document on behalf
of the Corporation, including, without limitation, any deed
conveying title to any real estate owned by the Corporation
and any contract for the sale or other disposition of any such
real estate, and;
(d) Such other powers and duties as the Board of Directors may assign.
3.3 The Vice President, or if there by more than one Vice President,
the Vice Presidents in the order of their seniority by designation (or, if not
designated, in the order of their seniority of election), shall perform the
duties of the President in his absence. The Vice Presidents shall have such
other powers and duties as the Board of Directors or the President may assign to
them.
3.4 The Secretary shall:
(a) Issue notices of all meetings for which notice is required to
be given;
(b) Have responsibility for preparing minutes of the directors'
and shareholders' meetings and for authenticating records of
the Corporation;
(c) Have charge of the corporate record books; and
(d) Have such other duties and powers as the Board of Directors or
the President may assign.
3.5 The Chief Financial Officer shall:
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(a) Keep adequate and correct accounts of the Corporation's
affairs and transactions; and
(b) Have such other duties and powers as the Board of Directors or
the President may assign.
3.6 Other officers and agents of the Corporation shall have such
authority and perform such duties in the management of the Corporation as the
Board of Directors or the President may assign.
SECTION 4
Certificates and Transfer
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4.1 Shares of the Corporation shall be represented by certificates in
such form as shall from time to time be prescribed by the President.
4.2 Certificates representing shares of the Corporation shall be signed
(either manually or in facsimile) by any officer or director.
4.3 Transfer of shares shall be made only on the stock transfer books
of the Corporation.
SECTION 5
Amendments
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5.1 These bylaws may be altered, amended, repealed or restated by a
majority of the directors of the corporation.
Prepared by
FROST BROWN TODD LLC
2700 Lexington Financial Center
Lexington, Kentucky 40507
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